Feb 24 (Reuters) - Tamarack Valley Energy Ltd TVE.TO :
* Announces a 46% increase in proved reserves with 356% production replacement
* Sees 2016 capital expenditures of $40-57 million
* Sees 2016 average production of 8,700-9,700 boe/d (approximately 51-57% oil &
ngls)
* Source text for Eikon Further company coverage TVE.TO